Hello everyone, I welcome you all once again to my blog and I am very excited to be back again with my entries on Hive Ghana prompt. It hasn't been easy since we commenced with our mid-semester examinations. It has been busy week for me as I need to revise my lecture notes and also prepare thoroughly for my courses and this semester would be my last semester for my four year degree course. Okay, without much ado, I would like to delve into the topic of discussion for today.
Today I would be tackling the second topic which is about predicting the future price of crypto currency. Wow this is going to be a tough one to discuss but I would try my best to do Justice to this. Cryptocurrencies as we all know are digital currencies that are not under the control of any authority and as such would be difficult to tell the future price of those currencies.
Predicting prices of crypto currencies are not as easy as we might expect or think. Due to the volatility in the price of crypto market the price of crypto assets are not predictable and as such investors only put in theirs monies with the hope of earning profits when the market go in their favor. Presently, crypto analyst do predict future price of crypto assets using tools and other methods such as technical analysis, fundamental analysis and sedimental analysis.
These analysis techniques helps them to predict the future price of cryptocurrencies whilst trying to invest and earn profits. To me personally, I don’t think it’s possible to predict the price of cryptocurrencies. There is high volatility and also fluctuations in the prices. Nevertheless, I would predict the pricing BTC to go back to $30K in the next months to come.
BTC has been bearish and stagnant for some months now but then no one can tell the cause of that as we all know there is no one regulating the price of those assets. There has been no evidence to prove a 100% accurate prediction of cryptocurrencies in the crypto market.
Crypto currencies predictions are not financial advice for investors to follow, it’s a mindset just do as you wish but be care not to invest the monies you fear to lose.
I grateful to the Almighty for how far he has brought me.
Thank you all for your time and attention. I am looking forward to seeing you all in my subsequent posts. Have a nice day.